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It is announced that Ireland WILL hold referendum on EU fiscal compact treaty

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Comments

  • #452
    squod
    Closed Accounts Posts: 8,704 ✭✭✭squod


    lugha wrote: »

    But when we are asked to approve of measures that would curtail and punish exactly that kind of recklessness…. we say no!!

    Errrrr, I don't see your point. How are these fiscal penalties going to effect these classes exactly? The worker will lose out again ultimately. You do know that, right?


  • #453
    dvpower
    Closed Accounts Posts: 9,183 ✭✭✭dvpower


    TheZohan wrote: »
    Hmmm...well the government came out this week and said that we definitely wouldn't need another bailout and we would have to contribute €9.87+ billion to this fund, that's a lot of money.
    I'm sure you don't believe the Government when they say that. They just say this in the hope that the markets start believing it. Its just a confidence game.

    As for our contribution - we don't have to contribute anything. The plan is that the fund is so large that the markets think there will be enough money to deal with any eventuality. No one needs to pay a cent unless and until the fund is required. Its just a confidence game.


  • #454
    TheZohanS
    Closed Accounts Posts: 11,582 ✭✭✭✭TheZohanS


    dvpower wrote: »
    I'm sure you don't believe the Government when they say that. They just say this in the hope that the markets start believing it. Its just a confidence game.

    As for our contribution - we don't have to contribute anything. The plan is that the fund is so large that the markets think there will be enough money to deal with any eventuality. No one needs to pay a cent unless and until the fund is required. Its just a confidence game.

    See below:
    Thus, Ireland’s share of the €80 billion paid in capital will be just above €1.273 billion, to be paid in five equal instalments starting in July 2013. This will be paid from our annual budget. Ireland’s share of the €620 billion callable capital will amount to €9.87164 billion.


  • #455
    hmmm
    Registered Users, Registered Users 2 Posts: 11,205 ✭✭✭✭hmmm


    OldNotWIse wrote: »
    Well even if we vote No, they will simply ask us to vote again and then all the sheep will vote Yes...
    "They" don't care. This vote is whether or not we want to be part of their club, if we say no then "they" will wish us well on our own and get on with fixing their economies.


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